A major deal might occur in the USA. The gaming retailer GameStop has proposed to acquire the company eBay.
In a message to investors, the GameStop management stated that they intend to pay $125 for each eBay share. In total, this sums up to $55.5 billion. If the company agrees, the retailer will pay 50% of the amount in cash and another 50% in their own shares.
GameStop emphasized that this is a beneficial deal for eBay. The retailer is offering 36% more than the average price of eBay shares over the last 90 days. Moreover, in the event of the purchase, it will assist the company in reducing expenses by $2 billion annually and overall share its services. For example, eBay could receive goods through GameStop stores.
Separately, in an interview with The Wall Street Journal, GameStop CEO Ryan Cohen stated that he intends to turn eBay into a "full-fledged competitor to Amazon" worth hundreds of billions of dollars. To achieve this, he is even prepared for a hostile takeover if the company decides to reject the deal. He also wishes to personally manage eBay's business in the future.
Interestingly, GameStop itself is significantly less valuable than eBay. At the time the news was written, its market capitalization is $11.9 billion.
eBay has not yet commented on GameStop’s proposal.